Huimin Ltd. had the following account balances at December 31, 2021: Using the above intormation create tne roowing: income statement, statement of retained earnings, balance sheet and the statement of cash flows. Then use the information to answer the following questions. You do NOT have to hand the What is the correct title for this company's single step income statement? a. Huimin Ltd., Income Statement, Year ended December 31, 2021 b. Income Statement, Huimin Ltd., Year ended December 31, 2021 c. Huimin Ltd., Income Statement, December 31, 2021 d. December 31, 2021, Income Statement, Huimin Ltd. e. Huimin Ltd., December 31, 2021, Income Statement Enter the letter that corresponds to your choice. (A B C D E) What is Total Operating Expenses on this company's single step income statement? What is Profit before Income Tax (also called Income before Income Tax) on this company's single step income statement? What is Profit (also called Net Income) on this company's single step income statement? What is the correct title for this company's statement of retained earnings? a. Statement of Retained Earnings, Huimin Ltd., Year ended December 31, 2021 b. Huimin Ltd., Statement of Retained Earnings, December 31, 2021 c. Huimin Ltd., Statement of Retained Earnings, Year ended December 31, 2021 What is ending Retained Earnings on this company's statement of retained earnings? What is the correct title for this company's balance sheet? a. Balance Sheet, Huimin Ltd., Year ended December 31, 2021 b. Huimin Ltd., Balance Sheet, December 31, 2021 c. Huimin Ltd., Balance Sheet, Year ended December 31, 2021 d. December 31, 2021, Balance Sheet, Huimin Ltd. e. Huimin Ltd., December 31, 2021, Balance Sheet Enter the letter that corresponds to your choice. (A B C D E) What is total current assets on this company's balance sheet? What is the correct order for the current assets section of this company's balance sheet? a. Cash (end of year), Accounts receivable, Prepaid insurance, Supplies, Website design, Business licence b. Cash (beginning of year), Accounts receivable, Prepaid insurance, Supplies c. Cash (end of year), Accounts receivable, Prepaid insurance, Supplies d. Cash (beginning of year), Accounts receivable, Prepaid expenses, Prepaid insurance, Supplies e. Cash (end of year), Accounts receivable, Prepaid expenses, Prepaid insurance, Supplies What is total assets on this company's balance sheet? What is total current liabilities on this company's balance sheet? What is the correct order for the current liabilities section of the balance sheet? a. Accounts payable, payments to suppliers, deferred revenue, income tax payable b. Bank loan payable, Income tax payable, Accounts payable, Deferred revenue c. Accounts payable, Income tax payable, Payments to suppliers d. Accounts payable, Deferred revenue, Income tax payable e. Accounts payable, Income tax payable Enter the letter that corresponds to your choice. (A B C D E) What is total liabilities on this company's balance sheet? What is total equity on this company's balance sheet? What is the correct order for the equity section of the balance sheet? a. Owners' Capital, Retained earnings b. Retained earnings, Owners' capital c. Retained earnings, Owners' capital, Profit d. Retained earnings, Profit, Owners. capital e. Owners' capital, Retained earnings, Profit, Dividends Enter the letter that corresponds to your choice. (A B C D E) A What is the correct title for this company's statement of cash flows? a. Huimin Ltd., Statement of Cash Flows, December 31, 2021 b. December 31, 2021, Statement of Cash Flows, Huimin Ltd. c. Huimin Ltd., December 31, 2021, Statement of Cash Flows d. Huimin Ltd., Statement of Cash Flows, Year ended December 31, 2021 e. Statement of Cash Flows, Huimin Ltd., Year ended December 31, 2021 Enter the letter that corresponds to your choice. (A B C D E) What is total cash flow from investing activities on this company's statement of cash flows? If the amount is an INFLOW enter the amount with a ' + ' sign. For example, inflow of $12,682 enter as +12682 If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as 10485 What is total cash flow from operating activities on this company's statement of cash flows? If the amount is an INFLOW enter the amount with a ' + ' sign. For example, inflow of $12,682 enter as +12682 If the amount is an OUTFLOW ente the amount with a '-' sign. For example, outflow of $10,485 enter as 10485 What is total cash flow from financing activities on this company's statement of cash flows? If the amount is an INFLOW enter the amount with a ' + ' sign. For example, inflow of $12,682 enter as +12682 If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as 10485 What is the net change in cash on this company's statement of cash flows? If the amount is an INFLOW enter the amount with a ' + ' sign. For example, inflow of $12,682 enter as +12682 If the amount is an OUTFLOW enter the amount with a '-' sign. For example, What is the net change in cash on this company's statement of cash flows? If the amount is an INFLOW enter the amount with a ' + ' sign. For example, inflow of $12,682 enter as +12682 If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as 10485 What is the correct order for the sections of this company's statement of cash flows? a. Operating, Investing, Financing, Change in cash b. Investing, Operating, Financing, Change in cash c. Financing, Investing, Operating, Change in cash d. Investing, Operating, Financing e. Change in cash, Investing, Operating, Financing
